BBL ASSET MANAGEMENT COMPANY LIMITED|Specific Fund
FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based
power was limited following rising energy price and inflation. The increased cost of living put pressure on consumers to spend wisely and reduced costs where required. The economic recovery benefited
power was limited following rising energy price and inflation. The increased cost of living put pressure on consumers to spend wisely and reduced costs where required. The economic recovery benefited
power was limited following rising energy price and inflation. The increased cost of living put pressure on consumers to spend wisely and reduced costs where required. The economic recovery benefited
provide better access to the markets. The introduction of new platform and services inevitably put pressure on traditional business operators to compete with new wave of competitors in financial services
for LPG storage tanks and non-pressure tanks on a leased land, located in Thilawa Special Economic Zone near Yangon, Myanmar. Expected project schedule is one year start from early next year and
9,184 -5.1% 1.3% 19,289 18,247 -5.4% Depreciation & amortization 13,377 13,369 13,192 -1.4% -1.3% 26,386 26,562 0.7% (Gain) loss on disposals of PPE -1 14 11 -1177% -24% 7 25 243% Management benefit
remained concentrated on smaller packages as consumers affected by sluggish economy are seeking for value-for-money. Therefore, the industry ARPU remained under pressure amidst weak spending environment
to put pressure on consumers’ mobile spending. Unlike 1Q21, there were no government stimulus campaigns aimed at boosting consumer spending in this quarter. Mobile competition remained aggressive due